Ocwen Financial Corp. and Ocwen Loan Servicing, LLC

The CFPB, authorities in 49 states, and the District of Columbia filed a proposed court order requiring the country’s largest nonbank mortgage loan servicer, Ocwen Financial Corporation, and its subsidiary, Ocwen Loan Servicing, to provide $2 billion in principal reduction to underwater borrowers.

Related documents

Complaint

Fact Sheet

Consent Judgement

Press release

CFPB, State Authorities Order Ocwen to Provide $2 Billion in Relief to Homeowners for Servicing Wrongs